# CENTRAL PROGRESSIVE BANK

> **Failed bank** · LACOMBE, LA · failed 2011-11-18 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $49M

## What happened

CENTRAL PROGRESSIVE BANK of LACOMBE, LA was closed by regulators on **2011-11-18**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **FIRST NBC BANK** (NEW ORLEANS, LA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3980
- **FDIC Certificate:** 19657
- **FDIC FIN:** 10413
- **Bank name:** CENTRAL PROGRESSIVE BANK
- **Location:** LACOMBE, LA
- **Failure date:** 2011-11-18
- **FDIC resolution date:** 2011-11-18
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $49M
- **Deposits at failure:** $348M
- **Assets at failure:** $383M
- **Acquiring bank:** FIRST NBC BANK (NEW ORLEANS, LA)

## Other banks FIRST NBC BANK has acquired in FDIC resolutions

- FIRST NATIONAL BANK OF CRESTVIEW (CRESTVIEW, FL) — failed 2015-01-16 — /failed-bank/4076

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=CENTRAL%20PROGRESSIVE%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CENTRAL PROGRESSIVE BANK (FDIC ID 3980), failed 2011-11-18. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/3980.

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